Barings Appoints John Lippmann as Head of U.S. Real Estate Capital Markets

Barings, a global real estate investment manager, has appointed John Lippmann as Head of U.S. Real Estate Capital Markets. Lippmann will lead the strategy and execution of asset and fund leverage for U.S. debt and equity real estate portfolios. He brings over 27 years of industry experience, most recently serving as Head of Structured Debt at NYL Investors.

Barings BDC Inc. (NYSE: BBDC) saw its Chief Financial Officer and Chief Operating Officer, Elizabeth A. Murray, purchase 3,400 shares of the company’s stock on June 6, 2025. Murray bought the shares at a price of $8.84 per share, totaling approximately $30,056. This transaction follows Murray’s earlier purchases, bringing her total holdings to 25,386 shares [1].

The business development company (BDC) currently trades at $9.13, offering an attractive 11.7% dividend yield and has maintained dividend payments for 19 consecutive years. Despite the recent insider purchase, BBDC's stock is relatively stable, with analyst price targets ranging from $9.50 to $11.25 and a P/E ratio of 9.7x. The company’s market capitalization stands at $963 million.

In other recent developments, Barings BDC reported its first-quarter 2025 earnings, which fell short of analysts’ expectations. The company announced an EPS of $0.25, missing the anticipated $0.28, and revenue of $64.44 million, below the projected $67.5 million. Despite these challenges, Barings BDC maintained a stable Net Asset Value (NAV) per share at $11.29. The company continues to focus on strategic investments, notably in Rocade and Eclipse, while divesting legacy assets. Additionally, Barings BDC has terminated a credit support agreement related to the MVC Capital (NYSE: MVC) transaction for a maximum consideration of $23 million, aiming to enhance the core earnings power of the portfolio by rotating capital into income-producing investments. The company’s net leverage ratio stands at 1.24x, within its target range of 0.9-1.25x. Looking ahead, Barings BDC anticipates reduced transaction activity in the second quarter due to market uncertainties [1].

Separately, Barings, a global real estate investment manager, has appointed John Lippmann as Head of U.S. Real Estate Capital Markets. Lippmann will lead the strategy and execution of asset and fund leverage for U.S. debt and equity real estate portfolios. He brings over 27 years of industry experience, most recently serving as Head of Structured Debt at NYL Investors [2].

References:
[1] https://www.investing.com/news/insider-trading-news/barings-bdc-cfo-murray-buys-30k-in-company-stock-93CH-4087234
[2] https://www.barings.com/news/john-lippmann-appointed-head-of-us-real-estate-capital-markets